S&P 500 Posts Eight Straight Weekly Gains, Tops 7,500

The S&P 500 has recorded eight consecutive weekly gains, the longest streak since 2023, @KobeissiLetter reported. The index also posted its second-longest winning streak in 23 years. During the eight-week period the benchmark rose 17 percent and crossed 7,500 for the first time.

Only six other periods have seen the index advance eight or more consecutive weeks with gains above 12 percent. In those instances the S&P 500 posted average returns of 4 percent over the next 12 weeks and 17 percent over the next 12 months. If the current streak reaches ten weeks it would be the longest since 1985, when the index advanced for twelve straight weeks.